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Topic starter
22/01/2012 8:16 pm
Just after xmas my wife wrote our car off, which has left us with a £500 runabout that is just about getting us both to work and back....all the finance is paid off with the insurance money which leaves us with just under £1000 to find another car.....what is view of everyone with respect to obtaining a car for approx £3000....the likelyhood of hire purchase ? possible help from relative...has anyone had this predictament ?.... the car obviously has to be reliable and safe as she takes the kids to school aswell....we dont want to get another banger !....any ideas ?
TMC
22/01/2012 8:30 pm
Hi trident227
Sorry to hear about your wife's accident. I would suggest either asking if family can help just now, and you can pay them later. If they can't afford to wait for payment, I would suggest contacting your Trustee to see if your contributions can be reduced to allow you to make the monthly payments to your family. I would be surprised if you managed to get HP.
Shona is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
22/01/2012 9:04 pm
Hi Shona, thx for the reply......having the finance settled on the car frees up £115 per month so we have enough to pay for one.....just finding a way how is the problem.......I feel the same about HP...highly unlikely!
TMC
22/01/2012 9:53 pm
Hi trident227.
If family will help you get a car I'd hope your Trustee would be supportive in letting you use that £115 towards it each month.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
22/01/2012 10:00 pm
Look at leasing? A family member can lease a car whilst you insure it. the deposit is usually between 2 and 6 months' payments at the start. Poor credit rating seems to result in higher cost hence the suggestion a family member could be the one leasing.
I think it's more acceptable in your PTD if you make the effort to minimise the cost too?
